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CSPAN
Dec 10, 2012 12:35am EST
, this is about an hour. fiscal cliff. joining us here is stan collender and douglas holtz- eaken. what is happening? what are the two talking about. guest: the nature of the tax increases, how much, and on the other side, what kind of entitlement reforms as the president willing to offer? that has been going back and forth for quite awhile now. there are talking about the same basic issues. host: one of the shore signs of action in washington, we have heard there is a possibility that they could come back after christmas. guest: i have been telling clients since september we were going over the cliff. i was not sure there was a sign it or coming back before christmas. this last-minute deal of some time, it could easily be approved -- the house and senate do not need to be here for this because it will not be the big, big deal. this is not the grand compromise they are talking about here there is not enough support to do the technical things. this could be a simple package they do at the last minute. host: even if the white house and john boehner agree to a deal, congress may not pass it. guest: that is my biggest concern. it is possible the speaker and the president co
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